{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Xtrackers II ESG Global Aggregate Bond UCITS ETF uses physical replication to track the Bloomberg MSCI Global Aggregate Sustainable and SRI Currency Neutral Index. The KIID explicitly states that derivatives are used only for currency hedging and efficient portfolio management, not as a core part of the investment strategy. The fund invests directly in investment-grade bonds and does not employ leverage, inverse strategies, or synthetic replication. The risk profile is classified as level 3, indicating moderate risk, and the fund is UCITS-compliant, which imposes strict regulatory safeguards. The factsheet confirms direct replication and does not indicate any complex underlying assets or strategies. The use of derivatives is limited to risk management and cost reduction, which does not trigger complexity under MiFID II.",
    "confidence": 95
}